When you are in business you want to expose your personal property to as little risk as possible. This is one of the reasons for setting up a separate legal entity for your business, such as an incorporated company, and for keeping your personal affairs and finances completely separate from your business.
Shareholder liability
When you incorporate a company, the shareholders get limited liability protection. That means their liability for the debts of the company is limited to the amount they have ...
Continue Reading →MAY
2012